OPEN-SOURCE SCRIPT
Updated Galileo Galilei
Galileo Galilei
Is the simplest of them all and easy to understand:
This strategy is called Galileo Galilei, it's free for you all to use and it was developed to be as simple as it can be and to work in bullish or bearish scenarios, but not in flat movements.
You can message me to ask questions, I respond to every message.
Green pips!
Is the simplest of them all and easy to understand:
- It has an Exponential Moving Average that you can modify to suit your pair on the chart with it's timeframe, looking at the strategy tester to compare results;
- The prices for the EMA are taken from the OPEN of every candle (depending on your timeframe);
- If the current candle's price closes above the Average and the new candle opens above the average, it will trigger a buying signal because of the bullish setup;
- If the current candle's price closes below the Average and the new candle opens below the average, it will trigger a selling signal because of the bearish setup;
- No strategy works on all charts and on all timeframes so you have to feel free to modify the parameters to suit your trading setup;
- It is possible that the strategy won't give you any good results at all on some trading pairs and timeframes so be careful because it can lose money;
This strategy is called Galileo Galilei, it's free for you all to use and it was developed to be as simple as it can be and to work in bullish or bearish scenarios, but not in flat movements.
You can message me to ask questions, I respond to every message.
Green pips!
Release Notes
- Changed to v4
- New menu for the backtest period in settings - looks better and it's easy to use
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
To define trading is to limit trading. Goldman Armi
excessivetrading.com t.me/excessivetraders
excessivetrading.com t.me/excessivetraders
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
To define trading is to limit trading. Goldman Armi
excessivetrading.com t.me/excessivetraders
excessivetrading.com t.me/excessivetraders
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.